Skip to main content

About your Search

20131202
20131210
LANGUAGE
Search Results 0 to 49 of about 71 (some duplicates have been removed)
CNBC
Dec 1, 2013 7:30pm EST
strengthening economy. all is fair in love and war and men's clothing. mens wearhouse offered to buy joseph a. bank, which was trying to take over mens wearhouse. joseph a. bank will evaluate the offer. >> will it be take december to remember for investors or will it be a real turkey? oh, yes the all important holiday shopping season is now under way. what does it mean to your money? joining us now is liz dunn and mike holland of holland and company. thanks for being here today. we have a lot of questions to goat through. mike, every time we turn around there's a new record being set by the major indexes, the nasdaq hitting back to the level it was 13 years ago. what happens in december? does this run continue? >> history as a guide you would say yes. the last 50 years december has been a good month relative to the rest of the year. this year when you have 25% returns in the market, the newton's law tends to stay in motion. you've got good numbers come here from liz in the second and consumer looks to be okay but the fed is there. >> what does your gut tell you? >> the key since
CNBC
Dec 9, 2013 3:00pm EST
several months ago and certainly midyear because they weren't sure if this fragile economy had any legs. now we're seeing those legs. one thing i was really encouraged by was the slight increase in labor force participation rate. you can see that across a lot of h-cohorts. the only one that went down was initial one 16 to 25. other than that the other cohorts they were rising. that sort of increase lakreescrease legitimizes increase. >> and people retiring who might have stayed in the labor force during the recession. things look like better. they're retiring. the unemployment being where it is may stay down there despite the upward pressure may not be as high as some thought. haum more months before we hit 6.5% on the unemployment rate? >> i have believed for a long time we'll see 6.5% unemployment rate by the fourth quarter. keep in mind, even with today's federal reserve flow of funds data showing another record increase in household network worth. a lot of people that lost money in the financial crisis they got it back and are even ahead of the game and they're feeling more comforta
CNBC
Dec 6, 2013 9:00am EST
remember this is an asymmetric economy and we have keep our eyes on the bottom half. >> it suggests the economy is doing better, even in the face of headwinds and moves us closer to the fed's threshold number. we may get there quicker than we expect. >> thank you for joining us. it's time for "squawk on the street." >> 203,000 jobs added in november. a jobs report headed in the right direction. i'm carl quintanilla with jim cramer. david faber is off. the 10-year yield within about 10 basis points or so of that 3% at least earlier this morning and europe is worth watching as well. looking at the jobs number, as we said, 203,000 non-farm jobs added last month, forecasts calling for about a gain of 180,000. the unemployment rate down 0.3% to 7%, the lowest level in exactly five years. the question is whether or not the fed will scale back its bond purchasing program when the central bank meets later this month. jim, whether it was u-6, the workers, the wages, there's not a lot to quibble with in this one. >> i was most concerned about an even bigger number. this is kind of good. it wa
CNBC
Dec 4, 2013 2:00pm EST
and how america's regional economies are doing with the beige book and st. louis. be -- and steve liesman. >> the beige book is a 2% beige book, 2% growth, the economies the beige book says continues to expand at a moderate to modest pace. the manufacturers did activity continuing to expand in most districts and the gains were seen in autos and high tech. manufacturers that were optimistic about their growth prospect. consumer spending increased in almost all districts at that 2% pace. retailers were hopeful but cautious about the holiday shopping season and sales of autos were moderate to strong. residential real estate improving across most districts and some gains in loan demands and several districts, reported easing of credit standards, something they've been waiting for for a while. some concern may be about hiring. up moderately in five districts but really unchanged in seven of the fed's 12 districts. there was difficulty finding quality workers. we've heard that time after time. some declines from the federal government shutdown se questions trace, other anecdotes were no
CNBC
Dec 6, 2013 4:00am EST
recovery ahead of what is expected to be a weaker payroll number in the u.s. economy. >>> germany's central bank raises its 2014 growth target for europe's largest economy as evidence shows demand from within the eurozone is finally picking up. >>> deutsche bank is to close its commodity business mainly in london and new york. display you're watching "worldwide exchange," bringing you business news from around the globe. >> a former south african president nelson mandela passed away last night at the age of 95. world leaders have been sending message messages of mourning for the leader. >> he is now resting. he is now at peace. our nation has lost its greatest son our people have lost a father. >> for now, let us pause and give thanks to the fact that nelson mandela lived, a man who took history in his hands and bent the arc of the moral universe towards justice. >> nelson mandela was not just a hero of our time, but a hero of all time. the first president of a free south africa, a man who suffered so much for freedom and justice, and a man who through his dignity and through his tr
CNBC
Dec 5, 2013 12:00pm EST
and the reason why stocks can still go higher. more signs today of an improving economy sending the 10-year closer to 2.9%. the move coming after a nice drop in jobless claims and an upward revision of gdp. so stocks are trying to battle back from that four-straight down days. so our question to the traders becomes this -- if rates are rising for the right reasons, isn't that good for your money? it is "halftime," and let's play the action. >>> josh brown, if rates are rising for the right reasons, isn't that good? >> i think it is good, and historically, stocks are positively correlated with rates, so long as they're rising gradually. there are areas of the market that you probably want to avoid, however. utilities spring to mind. but then, there are areas that benefit, such as financials, as you've no doubt heard at this point. that's why the banks have begun to break out this fall. i would look at this as a positive, so long as rates are going up for the right reasons and not the wrong reasons, and so long as they don't go up too quickly and too drastic a fashion, which so far so go
CNBC
Dec 10, 2013 1:00pm EST
economy. now don't get too excited about this either. mortgage debt rising, diana olick our ace housing reporter points out that's because of fewer foreclosures out there. that means that. but still normalizing and flat and not declining anymore. government out of gm. call this the tail bone of t.a.r.p., the vestige that was out there. that's progress that is done and out of the way. europe stabilizing. this much growth. but it was two quarters of growth and we haven't seen two quarters back-to-back growth in europe since 2011. >> and the china data supportive of a europe stabilizing that story. >> that's key to watch that. if we could get the economies around the world, the big ones firing on all cylinders that could be a game changer and you have as we reported earlier this week, rising household wealth and that if you combine that with confidence, may be you have a breakout for the consumer next quarter. >> in terms of the fed it's not important when they taper but what they do with the unemployment rate threshold as well as the inflation threshold. >> i don't think they touc
CNBC
Dec 9, 2013 1:00pm EST
are two other questions along with confidence. i like this, it's good for the economy, but it's not enough to say we're on the verge of a consumer breakout here. >> all right. but we're going in the right direction. >> exactly. >> watch mort again rates. something we're going to watch carefully. >> absolutely. thanks, steve. >>> the stock bond kumbaya comes amid the question what will a drop in fed stimulus mean for stocks. is the economy strong enough to support the market without fed help? jpmorgan's chief strategist tom lee weighed in on that on "squawk box." >> i think a few weeks ago investors would have been pretty concerned about the idea of taper because i don't think the data gave them economy was at a skate philosophy. friday's job report and some of the ones we've had recently investors are getting comfortable if it does happen in december. >> and mr. lee also said he is bullish on financials and large cap tech stocks. >> that brings us to seema moody. she is reporting on stocks that didn't fare so well in 2013. the big question here is, are they poised to take off in 201
CNBC
Dec 2, 2013 4:00am EST
france and spain as well as firms cutting staff so france still a big concern for the eurozone economy. we'll get more reaction on that in the next five minutes. at the same time, china is rolling out a new ipo plan. a 14 month freeze on new listings. companies will have to provide more disclosure in exchange for letting the market have more say on which deals get the green light. we're in sing ga pure with more market reaction. >> ross, beijing's news will bring the shanghai higher. the shendo boards tumbled 5%. the chinese deposit had its worst plunge ever. so before today the index had rallied more than 80% this year and it lost over 8% in today's trade. chinese authorities signal the likely resumption of ipo approvals as soon as next month. broker rages got a strong boost as can you see from the first row here. banks mostly ended in the green. health wide, new rules requiring cash dividends as well as the state council's announcement to start a preferred pallet program which may help banks shore up its core capital. but beijing is getting tougher on back door listings. while ipo ap
CNBC
Dec 3, 2013 7:00pm EST
of our economy, whatever comes up we're just going fix it. >> reporter: meanwhile on capitol hill republicans kept pound being away with their criticism saying that obama care ultimately is more than just this website. >> the president's health care law continues to wreak havoc on american families, small businesses and our economy. it's not just broken website. this bill is fundamentally flawed. causing people to lose the doctor of their choice, causing them to lose their health plan and if that want isn't enough having to pay much higher prices at the same time. >> reporter: also today, larry, inspector general that oversees the irs says the irs may have some proble some problems implementing the health care in refunds. the treasury said they are aware of the problems and been on top of them. they say they will have it under control and be able to prevent massive fraud inside the irs piece of the affordable care act roll out, larry. >> what's going to happen with this back end business called, what is it 836 i think it's called, section 836. 834. it connects the websites to the
CNBC
Dec 5, 2013 11:00pm EST
. and if the economy keeps improving, things will get even better for the hotel operators. hilton is, in fact, the world's largest hotel chain. it's under a number of brands, not just hilton. waldorf astoria, conrad, doubletree, embassy suites, hampton, homewood suites. now it's expected to price next thursday at $18 to $20 a share. i want to give you a head start to focus on this one. a little over a week, stock's trading under the symbol hlt. at the midpoint of that range, this would be a $19.3 billion company and the stock would be fairly expensive by most metrics. however, i still think it makes sense for you to try to get in on the hilton deal. let me tell you why. i think it's likely the stock will pop on the first day of trading, as has been the pattern for the vast majority of ipos this year. some of that is because hilton is private equity backed ipo by blackstone. blackstone took the chain private in 2007 and now they're spinning it off again as a private company. last month we saw another hotel play from blackstone come public. i'm talking about extended stay. and that one
CNBC
Dec 10, 2013 12:00pm EST
major bull market as the economy improves, as earnings get better and as europe is getting better. we saw good economic news coming out of europe. it's patchy, but saw good stuff. italy, better than expected. >> if i could add to that, if you're long this market as i am, you want the taper to come. you want the qe to come. we've been talking for 12 months now, if you get it for the right reasons, it's a positive. well, i think the economic data will tell you that we've gotten some of the right reasons. >> well, a december taper now looks more likely than not. that's the view of our own steve liesman. he's here to tell us exactly what to expect from the fed. steve, you've been, you know, your opinion has changed as to how likely -- >> yeah. >> -- it was going to be, and now you are most in belief -- i guess the most you've ever been -- that it's -- >> yeah, if you take a look, on friday, my sense was it was a close call. when i looked at how markets reacted, and i came on this show last week, and i said the fed is looking at how short rates react, and short rates have reacted very
CNBC
Dec 5, 2013 1:00pm EST
' confidence in the economy and that demand is getting better p zmo erbette. >> and that demand will follow. david, what does this say about the economies and the taper, if that happens, over the past week or so? obviously it's been a great year, but the past five days have been not so great. what's the market telling you? >> well, this is really consistent with the consolidation and small pullbacks we've seen over the last few months. really we think this will be short-lived and we look forward to a year-end rally and another strong year in 2014. >> so what do you think the market is reacting to? just the fact that prices had run up so far and people want to get some money off the table and take some profits? is it, as joe was saying off camera, a taper tantrum or what. >> i think to call it a tantrum is a little strong. you're seeing markets just a couple percentage points off their highs. so this is more has to do with the market digesting the recent gains and also expecting some tapering in 2014. but we don't think it's going to be severe, and we think the market's going to increase wit
CNBC
Dec 10, 2013 9:00am EST
economy was strong in the spring and summer. dollar coming down versus the euro. >> take a look at another stock, azio. >> auto zone, i've said here is the way it happens, they reported a decent number. then the stock treads water. then the buyback comes in, david. it's the most aggressive of any stock i follow. >> really? >> yes. number one. >> that is certainly one of the leading stories of 2013. >> and autozone is a better buyer back of stock. >> that always helps. weep g we got the opening bell a few minutes away. a lot more trading and a lot more "squawk on the street" after this. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they em
CNBC
Dec 4, 2013 6:00am EST
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i
CNBC
Dec 3, 2013 1:00pm EST
consumers, but this changes that it's going to be an enterprise cloud. >> nobody has better economies of scale than google. they could be a major player here. what i expect them to do is drive even further commoditization in cloud computing. the others are going to have to figure out how to do services on top to make it profitable. >> they'll make money charging companies for operating a cloud server for them, right? >> absolutely. they're going to drop the prices on that. >> we talked a little a minute ago about tablets. idc saying pc shipments will shrink more than expected in 2013. they were down 4% last year. this year they're saying 10%. it's not as though we don't look around this room, everybody's got a desk top. most people have a laptop. but what's selling now are tablets. >> people aren't buying a lot of new pcs. 10.1% the most it's ever been down, down to 2008 levels they're projecting. they're hopeful that the losses will stabilize once these two and one pcs come out. that's kind of wishful thinking. better tablets come out they might continue to buy those. >> all about the m
CNBC
Dec 6, 2013 6:00am EST
:30 eastern time. a dow jones survey finds that the economy probably added 180,000 jobs last month. the unemployment rate is seen slipping 7.2%. we'll talk more about market expectations in just a few minutes, but we begin this morning with our top story. nelson mandela spent 27 years in prison, led his country to democracy and became its first black president. he died at home yesterday at the age of 95. chris takes a look at mandela's life and legacy. >> history books will remember nelson mandela as one of the world' most prominent crusaders for black rights, the son of an african tribal chief, nelson mandela gave up a comfortable life and his hereditary lights to be a tribal leader to become a political activist in the fight against apartheid. the system of white rule over the majority black population. >> to feel that it is for us to continue talking nonviolence and peace. >> he was jailed for organizing demonstrations as well as treason and sabotage. he spent 27 years behind bars, but his jailing fueled the fires of freedom. his plight became an international symbol of oppressi
CNBC
Dec 5, 2013 4:00am EST
government's plan for the economy in his autumn statement. the chancellor is expected to lower his borrowing costs and offer suggestions that a budget surplus is in sight for the first time since the millennium. >>> still to come, we will in around 20 minutes be at college green outside the houses of parliament for a full autumn preview. joining me will be steve radially, the boss of manufacturing policy group eef. and later in the show, helia will discuss the good and the bad with the british politician lord digby jones. always were a good comment or two, digby. >>> as far as the agenda in the states today, we have initial jobless claims being released at 8:30. the number might be a preview of what might come in tomorrow's jobs report. at 8:30, we get third quarter gdp. a key benchmark on the road map to the u.s. economic recovery. and october factory orders come out this morning. they are at 10:00 a.m. >>> that's the data. what about global asset prices? let's bring you up to speed. ten minutes to the trading day, we are weighted around about 6 to 4 currently advancers outpace de
CNBC
Dec 4, 2013 1:00pm EST
states in the terms of the economy but the globe. the only thing that concerns me about the emerging markets is if the feds does start to taper back what is that going to do to those emerging markets and are they at more risk as a result of a fed pullback? >> any kind of rise in interest rate is going to kill in emerging markets. we've seen that so far. here's what i'm optimistic about. maybe an early budget deal, maybe obama care gets less messy. little optimistic maybe. maybe the economy gets better incrementally. here's the thing the thing is going to turn on. can janet yellen pull off the great deal, convince the world tapering is not tightening? does she have that power and influence? that's the wildcard. >> i don't think -- see i think the market will make that decision, because we've seen that with ben bernanke and the current fed. they've tried to say taper isn't tightening but the market is going to make that interpretation and that's going to be the struggle for the fed next year. >> the honeymoon will be very short, very short honeymoon for her. >> thank you very much. sue
CNBC
Dec 9, 2013 6:00am EST
economy is doing well. i think friday's job report and some other items recently, i think investors are getting comfortable if it does happen in december. >> if it does happen, they say the fed is more likely to wait and happen next year. what is the fed going to be looking at at this point? you see a stronger jobs number. it's tough for a hawk to say that the feds have a definitive breakout pattern. >> that's right. our economists are saying the fed is probably interested in trying to begin the taper process. i think january is a better date. i think that will help. if we can see spending, we'll see how that will be a factor. >> you said at the end of november that december is likely to be a pretty strong month for the market. last week was a down week. what do you think the month will bring at this point? >> i think investors will want to finish the year strong. i think they're optimistic about 2014. there's still a bit of performance chasing taking place. then our position data we track, hedge fund and mutual fund data and broader macro fund positioning shows investors are taking
CNBC
Dec 9, 2013 7:00pm EST
drag on the economy. my information is about the same as yours but with one important difference. the sequester doesn't end in 2015. the sequester is slated to keep going through, i think, 2021. >> yes. >> while this would definitely change the sequester for a couple of years, it does at least in terms of current law come back. >> once you break it, you own it. i was in the grand rudman days. once you break it, you own it. it's interesting, dave, i accept the fact that the defense hawks didn't want the sequester, some budget movement has to occur. whether these user fees go through or not remains to be seen. but it's interesting because my friend jared bernstein and all his colleagues at the congressional budget office told us how bad it would be if we actually used the sequester and had budget caps, how it would damage the economy, how it would kill 700,000 jobs. and what's interesting, it didn't kill 700,000 jobs. actually jobs are rising. actually i venture to say in true milton friedman free market art laffer economies, i think it's -- >> the data and the predictions that were mad
CNBC
Dec 2, 2013 7:00pm EST
monetary policy, lower corporate tax rates than we have. their economy is growing better. but when it comes to health care, they come across the border. >> well, the wealthy and those that can afford to come across the border do. but those that can't get access to health care in america are stuck in emergency rooms with high temperatures waiting to get their children taken care of. i concede this is a mess. we may have tried too much too fast and on a partisan basis. i've said we should hit the reset button and open ourselves up to new ideas. and larry kudlow always has new ideas, even if they're conservative. >> i appreciate that and appreciate your honesty. republicans are licking their chops about the elections coming up in 2014, roughly a year from now. we're going to talk more about that later in the show. what i want to ask you is, what can you do for a simple, transparent, compassionate response to the breakdown of obama care? i have an answer. but i want you to go first. >> well, with any health reform proposal, we have to look first at the root cause of the problems in our
CNBC
Dec 10, 2013 5:00pm EST
highs, an economy that is performing somewhat better than it was previously and the likelihood that we will probably see some acceleration into next year. i think there are a lot of areas that are worth looking at and i think japan is worth looking at. >> we're going to get deep into the japan trade as well as other trades for 2014. in the meantime, getting cautious on coffee. one call sending shares of starbucks into the red. we will talk to the man behind the move. and let the sunshine in solar. sun power is up more than 400% this year but will the industry see the same run without subsidies? that's straight ahead. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and c
CNBC
Dec 6, 2013 1:00pm EST
the good news, good job report, really finally good news? number two, is the economy stronger than free money from the fed? and number three, can interest rates and stocks both rise together? jim and jeff are in chicago. okay. guys nice to see you first of all. >> hey, sue. >> is good news finally really good news? jim you first. >> yes, it is. unfortunately yesterday, i hadn't arrived at this conclusion but i've been convinced today it piz. good news is good news because the market realizes that we're washing liquidity probably at a point where more than we should be based on the economic condition but the fed is hamstrung and going to be difficult for them to walk back. the fed knows since the fed's hands are tied let's celebrate while we can. good news, as long as it doesn't get too hot, i hate to say goldie lock's people said before me, not too hot. >> all right. moderation in all things. what do you think, jeff? >> sue, certainly adding jobs to the u.s. economy is good news, but i'm going to disagree slightly to my friend mr. your rio here. we saw that underscored on the nonfa
CNBC
Dec 9, 2013 9:00am EST
what a lot of people are thinking, wait a second. maybe the transition to a new economy, where the federal reserve is not playing that much of a role, can happen. that's what bernanke told us what could happen. it would be amazing as a swan song if it does happen >>> speaking of the fed, front page of the business sentence, the first sentence of ben apple balm's fed piece. federal reserve officials are in no hurry to retreat. >> we're in a weird moment here. when i looked at the pan aklee of knees, not a lot of bad. not a lot of land mines. >> we had this conversation and promptly went down for a few days. >> true but the difference might be that the news flow is very positive this morning. it is indicative of the year. sisco buys a company, u.s. air. no one is thinking they will do that. here is a stock that's been stuck at 33. >> the other one is stuck, period. >> then, we have gilead and this is like apple with china mobile. this is the moment in time that people think, that's new. they create reasons to buy stocks. i was on the phone with somebody who was very big in p.c.s. thi
CNBC
Dec 10, 2013 6:00am EST
of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning. and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. making headlines this morning, the east coast is bracing for another major winter storm. millions of americans are set for more travel chaos. the winter storms expected to dump as much as 6 inches of snow on washington, philadelphia, new york and boston. that's right up the track of the -- it must be following in a cell of the amtrak train. nearly 800 flights have been canceled in wilmington. so far this morning, toll brothers are reported fourth quarter results that beat the street by 11 cents. revenue basically in line. the cautious comment from the ceo leading to a little bit of pressure on the stock this morning. he said demand is leveling off as interest rat
CNBC
Dec 2, 2013 9:00am EST
economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check out "the new york times" over the week. i think the crossword puzzle. "the ne
CNBC
Dec 2, 2013 6:00am EST
in france. in fact, that economy is contracting and better pmis out of the u.k. the u.k. economy firing on all front at the moment. back to you. >> ross, thank you very much. again, ross westgate, we'll check in with you tomorrow. >>> retail, another holiday kickoff, it's come and gone. how did the retailers do. joining us is dana telsey. the reports that i've seen suggest this wasn't really a build. sales were actually down over the weekend. it makes you wonder if opening earlier on thursday is worth it for all of the big retail companies? >> it definitely seemed as if sales on thursday pulled from friday. even a little bit from over the weeken weekend. overall when speaking to retailers, low single digits is where the game was. >> so what does this mean? was this a mistake for them to open early like this? was this simply an issue that the retailers started talking about the holiday sales as early as november 1st i think in walmart's case? what happened here? >> i think that you basically had the promotions and all the advertising for it starting way before this thursday or fri
CNBC
Dec 4, 2013 12:00pm EST
what will happen to the p/e ratio or the market. that's a two-day or two-week concept. if the economy is better, that should be better for stocks. i think the simple message is one to focus on. >> i'll quote from your note here, the only thing people are worried about is that no one is worried about anything and that isn't a real worry. >> yes. >> are you a true believer or you can't find anything to be negative about? >> the thing you want to focus on is what could cause volatility in the earnings estimates. what i learned and we got bullish about nine, ten, 11 months ago, i didn't see what could cause big volatility to the downside in earnings. to me the biggest risk from rates backing up is that you could get weakness in emerging markets. we've seen some of the big tech companies tell you that emerging market demand slow. that's the biggest and most realistic risk. the second would be they start tapering and you get a soft patch in the economy and you can't stick the taper back in the bottle so to speak. those are the realistic risk. in the interim, it seems like earnings will grow
CNBC
Dec 9, 2013 2:00pm EST
the economy is looking better and this is the first year where the u.s., japan, china, europe, are all moving forward. so the breadth of the growth, even though it's not really, really strong, the bred of the growth is better than a year before that. i would be looking at opportunities in the industrials area, technology area, even in some consumer des kregs nary names. all cyclical areas. we think if they're starting to taper because they see the worldwide economy doing better and i think that will help cyclical earnings. >> all right. stuart and zane, thank you very much. >> protests continue in ukraine as hundreds of thousands of demonstrators take to the streets in anti-government rallies. just one of several political hot spots that have been bubbling up across the globe. let's bring in michele caruso cabrera. is there a common theme in the anti-government themes across the world? >> citigroup has tried to coin a new phrase about the situation we're seeing in ukraine and thailand. they call it the vox risk in the emerging markets. vox iss latin for voice of the people, not just uk
CNBC
Dec 3, 2013 4:00am EST
the u.s. economy is gradually regaining momentum. and on the currency markets, dollar/yen now up to 103.08, up to fresh six-month high on dollar/yen. euro/dollar, just below the 1 .36 mark we were at on thursday and sterling just back from that 1.64 of 11.6 1.6384. the aussie is the second worst performer after the g-10 in the currencies. australia's central bank says the country's currency is still uncomfortably high. those comments sending the yield down further. little urgency for more rate cuts. policymakers keeping them on hold. earlier cuts are still taking effect once inflation is tamed. joining us with his thoughts, may bank in singapore. andy, thanks for joining us. is the aussie/dollar going to get weaker? >> i think generally if you look at the markets, you look at the options site, it looks like we're probably going to see a bit of saturation on the short aussie. you're probably going to see a limit about the 90 levels. but our view is tapering in the first quarter, probably first quarter of next year, it may go down to about 88 cents against the dollar. we have quite a
CNBC
Dec 4, 2013 3:00pm EST
restore confidence in an incredibly important industry in this u.s. economy? >> well, no, i wouldn't say so because if you look at the housing market today, we just saw that story, i agree. i don't believe those new housing sales numbers. overall, the single family construction market is still completely in a slump. you can blame that completely on the fact that it's very hard to get credit out there in the housing market today. and that's really suppressing what should be a big boost to the overall u.s. economy. so, we're really suffering as a result of this. it isn't helping. >> guys, thank you. >> this is only going to make it worse. >> appreciate your thoughts. have a good convention. >> thank you. >> thanks, guys. we now have a little more than half an hour to go before the close. we're keeping a close eye on markets as we head into the close. >> we're coming bang here. >> about 34 points. more than 1030 points at the low. >> we'll see if we can come back in the last half hour. why did merrill lynch fail back in the crisis, you ask? former president of merrill lynch internationa
CNBC
Dec 4, 2013 5:00pm EST
? rates were rights last spring and the economy weren't that strong and the rates still rose. now it looks like we're starting to get better economic news so you have to go again globally. a lot of people say financially. i say go base metals. hasn't performed well but look what copper did today. >> even with the dollar strength. >> yeah, absolutely. >> gutsy call. >> john? >> go the traditional route. before i even go there i would say this is a discussion about the speed at which rates increase. i don't think anyone on this desk would argue that a sudden jump in rates to 4% would in any conceivable way be constructive. we already saw the taper tantrum this summer. that's an indication of how people will reaction. >> only at the-ten year. >> correlation with rising stock price going pack to the 1950s. nothing wrong with what these guys are staying, how drastic and how quick. i said at the top of the show the banks are going to make more money. keep it simple. that's where you want to be allocated and based on ten-year earnings multiple, one-year earnings multiple, the cheapest secto
CNBC
Dec 10, 2013 2:00pm EST
all that rosy for the american economy? welcome to a sunshine "street signs." this hour we're going to lay out the reasons to be optimistic heading into the new year and some of the sticking points we still face. your other big topics how gm just made a huge move to help bust done the glass ceiling, stealth stocks that have been quietly on a roll and a question for you, would you trade a portion of your income for five or ten years, for money right now? meet the ceo of a company offering just that, mandy. >> hello, everybody. we're not allowed to say it's a dull day out there in the markets so let's find action for you, although there's definitely no sunshine. stocks earlier on the day were trying unsuccessfully to chalk up their third day of gains. we're losing that battle. we are down. the dow by the way is down for december so far, the s&p is at break even. guess what? the s&p has history on its side. the s&p has not suffered a down december since back in 2007. >> as you know if you've been watching or listening to cnbc most of the day we're tog about the financial crisis potentiall
CNBC
Dec 5, 2013 5:00pm EST
a bond to the continent of africa as well. south africa is the most important economy. remembering, you know, the colonial africa went through a serial process of nations achieving their independence but the last on that list was south africa because the grip of the white national's government was so strong and the stakes were so high tremendously longer than it did places like kenya where president obama's father hailed from. a lot of emotion today from this president and i think you can expect him to point to the example of mandela as an example of statesmanship. but especially to our country which is so bitterly divided right now. >> this is truly a moment to highlight the importance of these new paths in history, of important people making brave new paths for the people. not only did the president do it, but he can also say take a look at nelson mandela and use it as a moment, so to speak. >> i would not expect for president obama to compare his experience with nelson mandela's. they don't compare it, really is the leading figure on the world stage in terms along with people pe
CNBC
Dec 6, 2013 5:00pm EST
by saying, could they do it in the next few weeks? i would say yes. it's on the table. the economy looks in much better shape today than it did in september, when they decided not to do it. and you know, so the door is open for them to act. it could wait until january, but this is basically the green light, that they have been looking for to start pulling back, and frankly, i think they have to be breathing a sigh of relief, because you know, the alternative to pulling back, because we have a stronger economy, was pulling back, because the costs started to exceed benefits, they didn't want to number that position, so i think they are happy over there today. >> from ben bernanke, do you think he wants to force janet yellen's hand starting tapering in december? >> no. they are working closely together, they have been the last three years. and i think no one on the fomc wants to be in position, where they are taking -- they are making a move today, that they are going to regret in three months or janet will regret. so i think you should feel comfortable, that whatever they do at this
CNBC
Dec 3, 2013 9:00am EST
because that economy is too strong. i know it sounds strange. the housing boom is the echos what we had in this country. >> he's just over there to get alibaba to feature some british companies because it's such a vital platform for sales. >> yes. but mark carney has that under control. >> you love carney. >> he's the greatest central -- he's the central casting central banker. what's, a new movie coming out about wall street, if they need a central banker, go for him. >> okay. >> been a tough start to december but cramer is going to get us back on track. his "mad dash" is next as we come up to the opening bell. look at futures, implied open down about 61. you're watching "squawk on the street." connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts
CNBC
Dec 2, 2013 6:00pm EST
economy is coming on strong. while cheap educated labor and nafta are bringing in a host of german and japanese manufacturers. and they fly to many of the towns where the new plants are being built. management assures me there are going to be many more smaller airports covered soon. they are so cheap they can compete with the bus lines, which is the way most people get around in mexico. this stock is a buy. last but not least, let me draw your attention to a new one. navigator holdings. nvgs. you often see wilbur ross on squawk. this transports liquefied petroleum gases like propane and butane, along with petrochemical gases like ethylene and propylene. navigator just came public two weeks ago. since then the stock has rallied another 5%. production in these quitified petroleum gases is rising rapidly in the united states, as you know, because we talk about it all the time and there is a big demand in east asia and europe. right now 23 handy-sized ships, with another eight ships on order there is real growth here, and what makes me more confident is the fact that navigator managed
CNBC
Dec 3, 2013 2:00pm EST
another story that will make you wonder, are we headed for a largely and humanless and jobless economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the markets in weakness in the financial today. to bob pisani at the big board. >> hello there. and here's what i'm seeing today and a lot of people have been asking the start of something. i don't see a big start, but i do see a little bit of signs of concerns. put up the full screen. the european close was poor today. had a great run in europe the last couple months. starting to fall apart. brent poor, two to one event declining. buyer interest, how much do you buy at the bottom? nonexistent today. the dow, we've been down thre
CNBC
Dec 5, 2013 7:00pm EST
truth and reconciliation commission. that's what it was all about. south africa had the economy, has the economy that is the greatest economic engine on the african continent and nelson n mandela did not dismantle that economy, he did not force the kind of redistribution of wealth at a pace in which his supporters wanted it to happen, he said now it's time for us to build, not to function as a revolution anymore. >> thanks, john harwood. we appreciate it. now, we are joined on the phone by robert johnson, who is a cnbc contributor, founder of the rlj and former chairman of b.e.t., old friend of mine. robert, you met nelson mandela many times, okay. how many times did you meet him, what are your thoughts tonight as he passes away? >> yeah, i had the great and humbling pleasure of meeting president mandela on a number of occasions, first with the former commerce secretary, late ron brown, and then i also accompanied president clinton on his historic trip to sub-saharan africa and of course when president mandela came to the united states seeking to raise funds to continue to fight apar
CNBC
Dec 6, 2013 3:00pm EST
, then i think it will be a little problem for the economy, unless they can prove that the economy has strengthened enough to handle it. i don't think it's there yet. >> we've had one small preview of this move and it was called this summer. we saw the ten-year move back up to 3%. we know it took some momentum out of the housing market. if i'm the fed and looking at what's happening with housing, with autos, is the evidence strong enough that that did enough damage that the same will happen again? >> i think they're worried about that. i think they're absolutely worried about that, which is why they're not -- why they're not going to taper. especially why not they're going to taper into the end of the year. right? there are two many other issues in front of them. as abigail said, the changing of the fed, debt ceiling in front of us. today there's that rumor we'll come to this budget agreement before washington goes on vacation in two weeks. if that happens, that just opens the way further, i think, for a little morally. >> you sound like you're taking some profits here, abigail. are yo
CNBC
Dec 6, 2013 7:00pm EST
. there was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. cyclical sectors were strong and even the interest rate sensitive groups had a good day. we closed at the highs. but what about the taper fears? remember bond yields had moved up from 2.5% at the end of october to about 2.9% today. most traders haven't changed their position, that tapering is unlikely to start before january at the earliest and it will be gentle when it starts. finally, janet yellen will believe to enforce that tapering is not tapering, like changing the unemployment threshold they have been talking about. larry, back to you. >>> all right, many thanks to bob pisani. now, it looks like more and more like obama care is failing so badly that a bailout is already in the works for the nation's biggest health insurance companies. and that's because of what many are calling the perfect storm. not enough young people enrolling, too many older and sicker people signing up, also there are too many errors in the reporting back end o
CNBC
Dec 4, 2013 7:00pm EST
, millions of families were stripped of whatever cushion they had left, and the result is an economy that's become profoundly unequal. >> mr. obama in professor mode had stats. america's top 10% now earn half of all u.s. income, up he said from 1/3. ceos he said used to make 20 to 30 times what workers do, now he said make 273 times more and the top 1% of americans who have net worts now 288 times what a typical u.s. family has. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic bargain, that if you work hard, you have a chance to get ahead. >> reporter: he wants at least a higher minimum wage and an extension of emergency unemployment benefits. the president said when budget talks get going obama care will not be on the table because, he said, his plan is ending one of america's worst inequities, unequal access to health care. larry. >> thanks very much, steve handelsman. we appreciate it. i'm going to say it again with all due respect to mr. president, growing income inequality is not the greatest challenge of
CNBC
Dec 9, 2013 5:00pm EST
look at the jobs that we will see and the fact that the economy doesn't suffer any greater than it did. and a practical standpoint, what this means for gm, look for them to issue a dividend rather quickly. and they no longer are under the t.a.r.p. pay restriction. they have long said that has been holding them back from recruiting the type of talent that they want to recruit for executives. the two big changes immediately for general motors now that uncle sam has sold all of its position. >> thanks for that update. we appreciate it. interesting that phil brings up the math in terms of how much money per day the government has lost. that was also quite a chunk of change. they were saying that they saved a million jobs. >> a million jobs? >> more than a million jobs. would it cost the broader economy more than a million jobs? how much is that cost per job to save it if you're going to do those types of calculations? >> i think it was a great thing for them to do. not just gm. we don't know all the ramifications. if they had actually rsh. >> you're talking about the pliers. >> and then th
CNBC
Dec 4, 2013 11:00pm EST
rate when things get better in the economy. the fed has been fighting that trying to keep rates down to ensure the economy is really getting going, not just one time only, but steady in creating a lot of jobs. now if today's data is a sign that things are on track in this country, i don't know what it is. i just don't know what is good data. after i saw this data. so you have to figure the fed stops fighting the tide unless rates rise and this will present more competition for stocks and it can reverse the terrific data we got today and that's what janet yellen has to be worried about. the successor to bernanke. maybe the data is aberrant. we haven't seen a surge in consumer spending. we really haven't seen a strong employment growth, and while we keep talking about a budget compromise today, forget it, it's not a surety. it may not do anything other than resolve the ridiculous sequester that's so twisted government spending. frankly, i tried to dispense with this as quick as i can. why? anyone can trace it. so let me tell you what you don't know. you have heard about this tapering game
CNBC
Dec 5, 2013 3:00pm EST
think that masks some weakness in this economy? >> it does. you can see the headline number was stronger than many of us had expected. even as far as mcquarry goes as well. a lot of that was an inventory buildup. that's really great for the third quarter. that puts in some head winds for the fourth quarter. mcquarry believes you could have fourth quarter gdp as low as .8%. much lower than consensus. so, i mean, it's good for third quarter. not so good for fourth quarter. that doesn't bode well going into the end of the year. >> sam stovall, we've now that three days, potentially four days of losses to start off the month. extremely rare at least in recent history. i think this is the first time since june 2011 we've seen such a stretch. is that the kind of information people should trade off, though, or is it just statistical noise? >> i think it's noise right now. really it's only four days. the thought is they're doing this in advance of tomorrow's employment data with the worry being that the fed will likely start their tapering program this month rather than wait until march
CNBC
Dec 10, 2013 4:00am EST
focused on markets here rather than the economy. i think it's fair to say the fed have not achieved their goal in terms of the overall economy. i think what's interesting, if the fed do end it next year, will the ecb step up to the plate and try and offset that reduction in new liquidity? so a lot can happen from different angles. >> but bearing in mind it's the fed that sets the price for global money, the chances of the ecb and the bank of japan offsetting that is unlikely, isn't it? >> it is unlikely. and there is even more discussion now. but what are the longer term costs to benefit and should they just get out of the way of the market now, try and re-engineer their policy more towards forward guidance, keeping rates lower for longer and step away from qe. >> i think interesting, too, as we get his comments from bullard and fisher overnight. the stronger employment number. >> first of all, in terms office where the qe is slightly or not, you have to go back to qe2. the fed was very keen to measure the point the qe is going to be a stimulative move for the economy because someth
CNBC
Dec 5, 2013 6:00am EST
economy grew if a pate of 3.2%. both of those reports will be out at 8:30 eastern time. at 10:00, look for october factory orders. in europe we'll get an interest rate decision from the bank of england at about 7:00 eastern time and one from the ecb at about 7:45. the european central bank is widely expected to leave interest rates unchanged at its final policy meeting of the year. last month, though, policymakers surprised the markets with a cut in the interest rate to a record low of 0.25%. we'll check in with ross westgate in just a few minutes. >>> the dow and the s&p are now on a four-day losing streak. this morning, futures are around the flat line. down by about 2.5 points for the dow, down by 0.5 for the s&p and the nasdaq is up by 4 points. november same-store sales will be coming in throughout the morning. cosco's comps rose by 2% during the month. that was short of what the street had been expecting. you had lower gasoline prices and weak foreign currencies. both of those ended up hurting results. aeropostale is reported a much bigger than expected loss for the faurour
Search Results 0 to 49 of about 71 (some duplicates have been removed)